|
SEOUL, South Korea (AP) — Samsung Electronics reported Wednesday
a sharp increase in consolidated revenue for the first quarter
thanks to strong sales of its new smartphones, but its
semiconductor business suffered a setback.
The South Korean semiconductor and smartphone giant said in a
statement that it posted 79.14 trillion won ($56 billion) in
consolidated revenue for the January-March quarter, calling it
an all-time quarterly high. It said its operating profit rose to
6.7 trillion won ($4.7 billion), up from 6.61 trillion won ($4.6
billion) in the same period last year.
Samsung attributed the results to strong sales of its flagship
Galaxy S25 smartphone and other high-value-added products.
However, the operating profit of the company's semiconductor
business fell to 1.1 trillion won ($774 million) from 1.91
trillion won ($1.3 billion) in the corresponding quarter last
year.
The company said its profits were squeezed by falling average
sale prices, as well as reduced demand for high-bandwidth memory
as customers wait for the release of next-generation memory
chips.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
